I.CENTURY HLDG (08507) announces annual performance, shareholders' loss of HKD 800,000, turning from profit to loss year on year.
Century Group (08507) announced that for the full year ending March 31, 2026, the Group achieved a revenue of HK$163 million, a decrease of 1.09% year-on-year. The company's owners suffered a loss of HK$800,000 for the year, a turnaround from a profit to a loss, with a loss per share of 0.2 HK cents.
I.CENTURY HLDG (08507) announced that as of the end of the fiscal year 2026 on March 31, the group achieved a profit of HK$163 million, a decrease of 1.09% year-on-year; the net loss attributable to the owners of the company was HK$800,000 for the year, a change from a profit to a loss year-on-year; with a loss per share of 0.2 HK cents.
The announcement stated that the change from profit to loss was mainly due to an increase in impairment losses on trade receivables recognized in accordance with Hong Kong Financial Reporting Standard No. 9 "Financial Instruments" during the reporting period.
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